Ultrasound Market Trends and Forecast to 2020 - Industry Analysis by Geographical Regions, Type and Application 2027 - CAGR of 5.6%

The global Ultrasound Market is forecasted to reach USD 10.44 Billion by 2027, according to a new report by Reports and Data. Increase in the prevalence of chronic disease across the globe, coupled with rising population, has increased the demand for ultrasound market. The growing geriatric population is prone to diseases and fractures that affect the growth of the market positively.

In market segmentation by manufacturers, the report covers the following companies:- Siemens AG, Esaote, Analogic Corporation, FUJIFILM Holdings Corporation, Samsung Electronics, General Electric Company, Carestream Health, Hologic, Canon Medical Systems Corporation, and Mobisante, Inc., among others.

The growing incidence of chronic diseases is increasing rapidly all across the globe. The prevalence of cancer has become a major concern for the healthcare sectors in the world. The demand for ultrasound imaging is expected to rise owing to high demand for early detection of diseases and minimization of the cost of treatments.

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This report covers the recent COVID-19 incidence and its impact on Medical Electronics Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The government in Europe are focusing on supporting and promoting industrial research. It has provided several tax incentives to establish R&D units, with high technologically advanced ultrasound facilities. Increasing investment by the European government in its healthcare sector and goal to develop non-invasive and safe technologies to promote therapies of diseases, injuries, and other abnormalities are propelling the demand in the region.

In March 2018, GE Healthcare and Trice Imaging expanded their partnership for software enhancements and developments to be made for GE's LOGIQ E10 ultrasound system. The Tricefy system has been built into GE's OB/GYN ultrasound system since 2020.
For the purpose of this report, Reports and Data have segmented into the global Ultrasound Market on the basis of technology, type, applications, end-users, and region:

Technology Outlook (Revenue, USD Billion; 2020-2027)
Therapeutic Ultrasound
Diagnostic Ultrasound

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Type Outlook (Revenue, USD Billion; 2020-2027)
Stationary Ultrasound
Portable Ultrasound

Applications Outlook (Revenue, USD Billion; 2020-2027)
Cardiology Applications
Vascular Applications
Radiology/General Imaging Applications
Urological Applications
Pain Management Applications
Orthopedic and Musculoskeletal Applications

End-Users Outlook (Revenue, USD Billion; 2020-2027)
Ambulatory Care Centers
Maternity Centers
Hospitals and Diagnostic Centers
Research and Academia
Others

Regional Outlook (Revenue, USD Billion; 2020-2027)
North America
Europe
Asia Pacific
MEA
Latin America

Further key findings from the report suggest:-

An increase in the birth rate in countries such as Russia and Germany will boost market demand in the coming years. Diagnostic ultrasound has the ability to detect anomalies in babies inside the womb.

Doppler ultrasound uses high-frequency sound waves to measure the amount of blood flow in patient's arteries and veins. It has a hand-held scanner connected to a computer. The procedure is non-invasive, painless, does not use radiation, and there are no risks known as of yet.

Mobile devices are being rapidly adopted in the developing nations owing to the rising demand for ambulatory care. The demand for handheld ultrasound devices are high in the developed region, such as the U.S.; there is a rising demand for mobile ultrasound devices. The growing trend of ambulatory care is driving the demand for this device.

Rising incidence of obesity, unhealthy food consumption, and stressed lifestyle increase the odds of a cardiac related issues. Increase in investment in healthcare and support via healthcare insurance from government are encouraging people to go for checkups and lead a healthy lifestyle.

Hospitals dominated the market for ultrasound. Rise in minimally invasive surgical and diagnostic procedures and growing number of hospitals are propelling the segment demand. Large number of ultrasound procedures are done in the hospitals only.

High growth of the market in North America is attributed to the growing prevalence of chronic ailments along with rising awareness among people related to early disease diagnosis. The availability of advanced technologies and healthcare facilities will surge the demand for the market product in the coming years.

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There are 15 Chapters to display the Global Ultrasound Market:

Chapter 1: Definition, Specifications, and Classification of Ultrasound, Applications of Ultrasound, Market Segment by Regions;

Chapter 2: Manufacturing Cost Structure, Feedstock Suppliers, Manufacturing Process, Value Chain Structure;

Chapter 3: Technical Data and Production Plants Analysis of Ultrasound, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D, Technological Advancement, and Raw Materials Sources;

Chapter 4: Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);

Chapters 5 and 6: Regional Landscape that includes the United States, China, Europe, Japan, Korea & Taiwan, Ultrasound Segment Market Analysis (by Type);

Chapters 7 and 8: The Ultrasound Segment Market Analysis (by Application), Profiling of Major Manufacturers of Ultrasound;

Chapter 9: Growth Trend Analysis, Regional Analysis, Market Analysis by Product Type, Market Analysis by Application;

Chapter 10: Regional Marketing Type Analysis, Global Trade Type Analysis, Supply Chain Analysis;

Chapter 11: Assessment of the consumer base of the Global Ultrasound Market;

Chapter 12: Ultrasound sales channel, distributors, traders, suppliers;

Chapters 13, 14 and 15: Ultrasound Research Findings and Conclusion, Appendix, Research Methodology, and Sources of data collection.

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